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Santander increases the ‘pay out’ up to 50% both in cash and repurchases

Date: March 24, 2023 Time: 03:37:58

Banco Santander has announced this Tuesday that it will raise the shareholder remuneration policy from approximately 40% to around 50% of profit between 2023 and 2025, both with cash dividends and share repurchases.

The target ‘pay-out’ will be approximately 50% of the attributable net profit (excluding impacts without effect on cash or direct effect on capital ratios), distributed around 50% in cash dividend and 50% in share repurchases. shares, precisely the bank, which indicates that the application of this remuneration policy to shareholders will be subject to future internal decisions and regulatory approvals.

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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